Solved by verified expert :2091. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #7
Congress has set very high goals as to the number of Forms 1040 that should be
filed electronically. Summarize the benefits of e-filing, from the perspective
of both the taxpayer and the government.
2092. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #8
If a taxpayer is audited by the IRS and is unwilling to accept the findings of
the agent, how does the taxpayer’s audit strategy change when the dispute is
taken to the IRS Appeals Division? Hint:
What are the “hazards of litigation?”
.
2093. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #9
When a tax dispute is resolved, interest is paid by or to the government. List
three or more features of the interest computations that arise when a tax
return is audited.
2094. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #10
In connection with the taxpayer penalty for substantial understatement of tax
liability, what defenses (if any) are available?
2095. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #11
A taxpayer penalty may be waived if there is shown to be reasonable cause for the misstatement on the tax return. The courts
have applied this standard strictly. List three or more assertions for a waiver
of a taxpayer penalty that courts have found not to constitute reasonable cause. Example: Ignorance of the tax law.
2096. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #12
The taxpayer or a tax advisor may be subject to penalties if there is a
misstatement of the valuation of an item reported on the tax return. Describe
how these penalties work.
2097. CHAPTER
17—TAX PRACTICE AND ETHICS Question ES #13
Some taxpayers must make quarterly estimated payments of their income tax.
Describe the structure of these requirements. In your answer, include both
corporate and non-corporate taxpayers.
